Askrindo Establishes Strategic Partnership Partnership Guarantee Bond With Seoul Guarantee Insurance

Photo: Doc. Askrindo

JAKARTA - In an effort to increase the strengthening of the country's insurance industry business and into global companies, PT Asuransi Kredit Indonesia or Askrindo, members of the Insurance and Guarantee Holding, Indonesia Financial Group (IFG) collaborated with Seoul Guarantee Insurance (SGI) through the Sure Bond Cooperation Agreement in Jakarta, Tuesday 26 November.

The signing of this collaboration was signed by Askrindo's Business Director, Budhi Novianto with SGI's Executive Vice President, Mr. Young Rok Cho, witnessed by Askrindo's President Director, Umran Fankar, Askrindo's Technical Director, Vincentius Willianto and SGI's Chief Representative, Sang Hoon Oh.

Askrindo's President Director, Fankar Umran, said that the collaboration between Askrindo and Seoul Guarantee Insurance is a business opportunity regarding guarantees in Indonesia, which will be very helpful for Korean partner companies operating in Indonesia.

"In addition to increasing new business opportunities, this collaboration is also an exchange of underwriting information, reinsurance and guarantee industries in Indonesia and Korea. Askrindo and SGI agreed to cooperate in the field of guaranteeing Sure Bond which is a form of business expansion carried out by Askrindo. The form of cooperation is not limited to surety bonds, but also includes general insurance protection for Korean corporate partners," explained Fankar.

Fankar added that Askrindo and Seoul Guarantee Insurance (SGI) are collaborating with the coverage period for the next three years.

"Askrindo is committed to continuing to improve collaboration with other business partners so that it becomes a provider of risk management solutions with sustainable added-value services to support the national economy," he added.

SGI Executive Vice President, Mr. Young Rok Cho, said he appreciated Askrindo for this collaboration, it is hoped that this collaboration will continue to be profitable for both parties.

"This partnership aims to formalize collaborative relations between the two companies, especially in the field of credit insurance and insurance in the Indonesian market," explained Young Rok Cho.